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City of San Leandro <br />Meeting Date: June 16, 2014 <br />Staff Report <br />Agenda Section:File Number:14-225 CONSENT CALENDAR <br />Agenda Number:8.E. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for the 2014-15 Budget Amendment Reflecting Projected Budget <br />Adjustments to the Successor Agency to the Redevelopment Agency <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council review and accept the 2014-15 Budget Amendment <br />reflecting projected budget adjustments, and adopt a resolution approving the 2014-15 <br />Budget Amendment to the Successor Agency to the Redevelopment Agency . <br />BACKGROUND <br />On June 3, 2013, the City Council adopted the City’s first biennial budget for 2013-14 and <br />2014-15. The two-year budget reflects the vision of the City Council and supports the goals <br />re-established by the Council on February 1, 2014. The two-year budget process requires an <br />update to fiscal year 2014-15 based on changes that occurred over the last 12 months. <br />Budget Adjustments <br />The 2014-15 projected budget adjustments fund summary is reflected on Attachment 1 of the <br />corresponding resolution. Likewise, the projected 2014-15 detail adjustments by fund and by <br />division are summarized on Attachment 2 of the resolution. <br />Current Agency Policies <br />·The City Council approves all adjustments to the City’s revenue and expenditure <br />appropriations. <br />Previous Actions <br />·City Council adopted the 2013-15 Biennial Budget on June 3, 2013. <br />Page 1 City of San Leandro Printed on 6/10/2014